TRUTH 11 Starting from scratch: Developing your own product or service

There are four common ways to get into business: starting from scratch, buying a franchise, participating in direct sales, and buying an existing business. When most people think of starting a business, they think of starting from scratch. This approach involves developing your own business idea and building the business from the ground up. But there are pluses and minuses to each method of getting into business. This Truth focuses on the advantages and disadvantages of starting a business from scratch.

Advantages of starting a business from scratch

Starting a business from scratch is the ultimate business start-up experience. You start with a clean slate and ...

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